About PayEm
PayEm is a company based in San Francisco (United States) founded in 2019 by Itamar Jobani.. PayEm has raised $40 million across 3 funding rounds from investors including MUFG Campus, Viola Group and Collab Fund. The company has 1 employees as of April 30, 2022. PayEm offers products and services including Corporate Cards, Agile Approval Workflows, AI Invoice Processing, and Budget Control. PayEm operates in a competitive market with competitors including Ramp, Navan, Brex, Coupa and Sage Group, among others.
- Headquarter San Francisco, United States
- Employees 1 as on 30 Apr, 2022
- Founders Itamar Jobani
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Sectors
Travel & HospitalityTechnology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Payem Ltd
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Annual Revenue
$14.72 K (USD)17as on Apr 30, 2023
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Net Profit
$2.6 K (USD)5055as on Apr 30, 2023
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EBITDA
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Total Equity Funding
$40 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series A
Jan 24, 2023
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Investors
MUFG Campus
& 6 more
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Employee Count
1
as on Apr 30, 2022
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Products & Services of PayEm
PayEm offers a comprehensive portfolio of products and services, including Corporate Cards, Agile Approval Workflows, AI Invoice Processing, and Budget Control. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Virtual and physical cards for controlled employee spending and expense tracking.
Custom forms for streamlining request approvals and enhancing compliance in organizations.
AI system for efficient invoice management and ERP integration to boost productivity.
Platform for real-time budget monitoring and informed financial decision-making.
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Funding Insights of PayEm
PayEm has successfully raised a total of $40M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $20 million completed in January 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $20.0M
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First Round
First Round
(01 Sep 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2023 | Amount | Debt – Conventional - PayEm | Valuation |
investors |
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| Jan, 2023 | Amount | Series A - PayEm | Valuation | Viola Group , MUFG | |
| Sep, 2021 | Amount | Series A - PayEm | Valuation | Glilot Capital Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in PayEm
PayEm has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include MUFG Campus, Viola Group and Collab Fund. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments are made in early-stage technology companies globally.
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Founded Year | Domain | Location | |
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Private equity firm investing in multiple sectors
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Founded Year | Domain | Location | |
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Venture capital investments in tech and healthtech sectors through dedicated funds.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by PayEm
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - PayEm
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Payem Comparisons
Competitors of PayEm
PayEm operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ramp, Navan, Brex, Coupa and Sage Group, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Spend management and accounts payable solutions are delivered to businesses.
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| domain | founded_year | HQ Location |
Corporate travel and expense management are facilitated through SaaS platform.
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| domain | founded_year | HQ Location |
SaaS-driven credit card and spend management solutions platform for businesses
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| domain | founded_year | HQ Location |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Provider of prepaid cards for financial benefits of employees
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Payem
Frequently Asked Questions about PayEm
When was PayEm founded?
PayEm was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is PayEm located?
PayEm is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of PayEm?
Itamar Jobani is the current CEO of PayEm. They have also founded this company.
Is PayEm a funded company?
PayEm is a funded company, having raised a total of $40M across 3 funding rounds to date. The company's 1st funding round was a Series A of $20M, raised on Sep 01, 2021.
How many employees does PayEm have?
As of Apr 30, 2022, the latest employee count at PayEm is 1.
What is the annual revenue of PayEm?
Annual revenue of PayEm is $14.72K as on Apr 30, 2023.
What does PayEm do?
PayEm was founded in 2019 in San Francisco, United States, and operates in the fintech sector. SaaS-based platforms are provided for expense management in corporate environments. Corporate credit cards are issued to control employee spending, while income and expenses are tracked. Vendor payments, subscriptions, purchase approvals, and budgets are managed through integrated workflows. Audit trails, insights dashboards, and connections to ERP and accounting software are supported.
What products or services does PayEm offer?
PayEm offers Corporate Cards, Agile Approval Workflows, AI Invoice Processing, and Budget Control.
Who are PayEm's investors?
PayEm has 7 investors. Key investors include MUFG Campus, Viola Group, Collab Fund, Pitango, and NFX.
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